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My name is Joy A. Chukwu. I am a project manager. In the broadest sense, I am responsible for planning, organizing, and directing the completion of specific projects for an organization while ensuring these projects are on time, on budget, and within scope. #PRINCE2 #MSP #pm #pmot #lean #agile #ppm #project #pmo #risk #riskmanagement #projectmanagement #projectmanagementprofessional #projectmanagementtraining #projectmanagementlife #projectmanagementsoftware #projectmanagementtools #projectmanagementservices #projectmanagementcertification #projectmanagementprofessionals #projectmanagementconsulting #projectmanagements #projectmanagementskills #projectmanagementconsultants #projectmanagementnews #projectmanagementwebinar #projectmanagementuae #projectmanagementspecialist

Keep Calm and Let a Project Manager Lead the Way! Struggling to keep your projects on track? Discover the peace of mind that comes with having an expert project manager at the helm. Our latest blog explains how outsourcing project management to specialists like MBR-UK can transform your operations. From risk mitigation to cost-effective expertise, we cover the key benefits that can elevate your business. Focus on what you do best while we handle the rest! 👉 Read the full blog: https://lnkd.in/ehQ6JP_d #ProjectManagement #BusinessGrowth #Outsourcing #MBRUK

Completed the Business Continuity course by Project management institute.

Keep Calm and Let a Project Manager Lead the Way! Struggling to keep your projects on track? Discover the peace of mind that comes with having an expert project manager at the helm. Our latest blog explains how outsourcing project management to specialists like MBR-UK can transform your operations. From risk mitigation to cost-effective expertise, we cover the key benefits that can elevate your business. Focus on what you do best while we handle the rest! 👉 Read the full blog: https://lnkd.in/efTCqDMu #ProjectManagement #BusinessGrowth #Outsourcing #MBRUK

Read how we utilised ITIL practices to improve  Service Desk & Incident Management Service Level Management and Customer Experience IT Governance and Performance Measurement: in our our blog ITIL's Impact on Efficiency & Service in an Investment Bank Here To find out more about our expert training & consulting services : Contact via Linkedin https://lnkd.in/eYKMzBgD Call +49 172 579 4719 Your success, our priori

Contingency Reserves Contingency reserves are included in the cost baseline. Contingency reserves are funds allocated to address identified risks that may impact the project. These reserves are part of the overall project budget and are specifically set aside to manage known-unknowns, which are risks that have been identified and assessed. Purpose: Contingency reserves are intended to cover the costs of identified risks that may occur during the project. Inclusion in Cost Baseline: These reserves are included in the cost baseline, which is the approved version of the project budget that includes all planned expenditures. Risk Management: Contingency reserves are a key component of risk management, ensuring that the project has the necessary funds to address potential risks without affecting the overall budget. Usage: The use of contingency reserves is typically planned and documented as part of the risk management plan. They are used to cover the costs of risk responses when identified risks materialize. Control: Project managers usually have the authority to use contingency reserves as needed, based on the risk management plan and project governance policies. Example: In a software development project, the project manager might allocate a contingency reserve of 15% of the total project cost to cover potential risks such as scope changes, technical challenges, or resource availability issues. This reserve is included in the cost baseline to ensure that the project can address these risks without requiring additional funding. In summary, contingency reserves are included in the cost baseline to provide a financial buffer for identified risks, ensuring that the project can manage these risks effectively without impacting the overall budget. #opentoconnect #networking #professionaldevelopment #connections #careergrowth #NetworkingFriday #capm #pmp #pmpcertification #pmpexam #pmptraining #pmpcertified #pmp2023 #pmpcommunity #pmpcertificationexam #pmpexamprep #pmpcertificationtraining #pmpquestion #pmiacp #capm #scrum #scrummaster #scrumtraining #scrummastercertification #agile #agilecoaching #emotionalintelligence #emotionalwellbeing #timemanagement #taskmanagement #leadership #leadershipdevelopment #leadershiptraining #leadershipandmanagement #projectmanagers #projectmanager #projectmanagement #projects #project #projectmanagementprofessional #projectcontrols #projectplanning #projectdelivery #projectmanagementtraining #projectmanagerjobs #projectcoordinator #projectbasedlearning #projectleadership #business #businessanalyst #businessanalysis #businessanalysts #businessagility #businessanalystjobs #businessadvisory #businessadvice #businessanalytics #businessapplications #businessanalysistraining #management #capmstudygroup #PMIWesternIdaho

** Why RAAIDD is Overtaking RAID in Risk Management ** As project management practices transform, the importance of adopting innovative methodologies cannot be overstated. Now, let's explore why RAAIDD is emerging as a superior choice over the conventional RAID framework. First, let’s define the components of RAAIDD: - Risks: Potential events that could negatively impact the project. - Assumptions: Conditions assumed to be true for the project's planning and execution. - Actions: Steps to address and mitigate risks and issues. - Issues: Current problems that are actively affecting the project. - Dependencies: Relationships between tasks that determine the project flow. - Decisions: Critical choices regarding the project's direction and execution. ** Here’s why RAAIDD is winning over RAID: - Responsiveness: Encourages addressing potential issues before they materialize. - Agility: Facilitates quick adaptation to changes and potential risks, which is crucial in today's dynamic project environments. - Inclusion: Considers a broader range of risk factors, providing a more holistic view. - Depth: Promotes thorough risk analysis, leading to more robust mitigation strategies. - Diversity: Prepares teams for various scenarios, enhancing project resilience. - Documentation: Stresses detailed documentation, making tracking and managing risks more straightforward. Adopting RAAIDD over RAID marks a shift towards more adaptive, comprehensive, and detailed project management strategies, mirroring a more significant movement in business toward agility and preemptive planning. 🤔 Which team are you on—RAAIDD or RAID? Have you seen better project outcomes with this approach? Share your experiences in the comments! #mohamed_abuelenin #RiskManagement #ProjectManagement #RAAIDD #Leadership #sapcommunity #sapconsultant #sappartners #SAP #PMI

Here are 10 key areas in project management: 1. Planning & Scheduling 📅 2. Risk Management 🔍 3. Cost Management 💰 4. Quality Management 🌟 5. Stakeholder Management 🤝 6. Team Management 👥 7. Change Management 🔄 8. Communication Management 📢 9. Procurement Management 🛒 10. Integration Management 🔄 #projectmanagement

Establishing and maintaining an effective approach to programme and project management across the organization Key metrics - Stakeholders’ satisfaction with the PPM approach - Stakeholders’ satisfaction with the benefits provided by programmes and projects - Number and impact of deviations from the agreed approach - Number and impact of project or programme failures because of the approach’s ineffectiveness - Alignment of the PPM approach with relevant industry standards and best practices https://www.axelos.com/ #itil4 #itil #itsm #servicemanagement